Thursday, May 31, 2018

Koch Brothers Group Blasts Trump Over New Tariffs

A group supported by the multi-billionaires Charles and David Koch slammed President Trump on Tuesday over his announced steel and aluminum tariffs on the European Union, Canada and Mexico.

"The tax cuts and reduction in regulatory barriers enacted by the Trump administration has helped economic growth and job creation. Wages have increased and unemployment rates are the lowest in decades," Freedom Partners spokesman James Davis said in a statement.

"All this success will be greatly undermined by the imposition of new taxes on working Americans. Trade barriers make Americans as a whole poorer and they especially harm those already disadvantaged. Trade wars hurt everyone. They trigger retaliatory tariffs from our trade partners. That raises prices on American families who need affordable access to household goods. We urge the Trump administration to abandon these tariffs," he continued.